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Econ blogging is back. It’s good again! Here is some content that I recommend you consume: Nicholas Gruen on monetary policy If the RBA were to raise interest rates, what would be the economic costs and benefits of that change? Strange as it is, this question doesn’t seem to be asked often, much less answered, as Nicholas points out. David Sligar on neoliberalism My general rule has long been that the usefulness of a piece of writing declines in line with the square of the number of times it uses the word ‘neoliberalism’. David Sligar shows that I’ve been too hasty in dismissing its usefulness as a concept. Paul Tucker on unelected power What public policy tasks should be delegated to independent government agencies, like central banks, and which should not? What are the conditions under which it is acceptable and desirable to delegate authority? These questions aren’t asked often enough, but they’re discussed in a very interesting way in